Central Wireless Announces Equity Line of Credit Financing.Business Editors/High-Tech Writers SARASOTA, Fla.--(BUSINESS WIRE)--Nov. 4, 2003 Central Wireless, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CWIR CWIR Continuous Wave Illuminator Radar ) announced today that it has signed an agreement for a $5,000,000 equity line of credit. The equity line allows the Company to draw funds over a two year period. The line of credit will be used to expand the Company's cellular tower projects in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The funds will provide equity in as many as forty proposed tower construction projects under review by Central Wireless. The Company's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ken Brand said today, "This funding will be the catalyst for our growth phase over the next two years. We intend to apply our construction and site selection expertise to leverage the benefits of this equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. and grow the Company to become a significant force in the Southeastern United States." About Central Wireless, Inc. Central Wireless, Inc., specializes in providing site development and construction services to the wireless telecommunications industry. Central Wireless understands the needs and complexities found in today's telecommunication marketplace and we are committed to offering our customers both innovative and cost savings solutions. For more information on Central Wireless, Inc. see http://www.centralwirelessinc.com. Statements about the company's future expectations, including revenues and earnings and all other statements in this press release other than historical facts are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of section 27A of the Capital Securities Act of 1933, section 21E of the Securities Exchange Act of 1934, and as the term defined in the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. The Company's actual results could differ materially from expected results. The company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, the company will appropriately inform the public. |
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